By Ian Walker
Active Energy Group said that construction of the CoalSwitch manufacturing facility at Ashland, Maine, hasn’t been completed and therefore won’t be ready to start production of the biomass renewable fuel by the end of the third quarter.
The international biomass-based renewable energy business said Monday that it now expects production to start in November. The later start is due to delays in receipt of key components and associated equipment, it said.
However, the company said that once production start it expects there to be significant market demand for the fuel.
“Despite the production delay, we continue to be actively engaged with an increasing number of potential customers for CoalSwitch and the current level of engagement confirms the future commercial opportunities for the fuel,” Chief Executive Michael Rowan said.
Shares at 0719 GMT were down 0.25 pence, or 4.5%, at 5.30 pence.
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